Italian households sell assets, firms acquire in Q1 2026

In the first quarter of 2026, Italian households registered net sales of financial assets totaling €4.8 billion.

This was primarily driven by decreases in deposits (€5.8 billion) and sales of shares and other equity (€5.7 billion), which more than offset purchases of debt securities (€17.6 billion) and asset management products (€11.7 billion).

Concurrently, households' financial liabilities decreased by €9.2 billion, as a decline in other financial liabilities (€14.7 billion) outweighed increases in bank loans (€4.4 billion) and other loans (€1.1 billion).

These movements indicate a reallocation within household portfolios, with a net reduction in overall financial assets and liabilities.

Italian non-financial corporations acquired financial assets totaling €34 billion in the first quarter of 2026.

The primary drivers were significant increases in shares and other equity (€31.6 billion) and other financial assets (€10 billion), partially offset by a decrease in deposits (€11.7 billion).

On the liabilities side, firms' financial obligations rose by €17.1 billion.

This increase was attributed to net issuance of debt securities (€7.5 billion) and shares and other equity (€5.2 billion), alongside a growth in loans (€5.5 billion).

These movements reflect active capital market engagement and financing for corporate expansion.